Common use of Technical Capacity Clause in Contracts

Technical Capacity. For demonstrating technical capacity and experience (the “Technical Capacity”), the Applicant shall, over the past 5 (five) financial years preceding the Application Due Date, have: (i) paid for, or received payments for, construction of Eligible Project(s); and/or (ii) paid for development of Eligible Project(s) in Category 1 and/or Category 2 specified in Clause 3.2.1; and/ or (iii) collected and appropriated revenues from Eligible Project(s) in Category 1 and/or Category 2 specified in Clause 3.2.1, such that the sum total of the above is more than Rs. 25.5 crore (Rupees twenty five crore and fifty lakhs only) (the “Threshold Technical Capacity”). Provided that at least one fourth of the Threshold Technical Capacity shall be from the Eligible Projects in Category 1 and/ or Category 3 specified in Clause 3.2.1.